PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


Saxo forecasts slightly slower GDP growth in 2011


Saxo Bank expects the Polish economy to grow by a „respectable” 3.5% this year, slightly slower than the estimated 3.7% rise in 2010.

According to the Danish bank, the main growth drivers in 2011 will be continued strength in consumption and resilient export demand led by Germany. As a result, the economy will be adding jobs, with the unemployment rate expected to drop to 11.1% by the end of the year from 11.7% at the end of November. However, the contribution to GDP growth of stock rebuilding will be smaller than in 2010, leading to a slight easing of the overall growth rate. Annual inflation is forecast to hit 2.8%, remaining high especially in the early part of the year, due to a combination of strong demand and the impact of the VAT rise.

Browse and search in our archive »

subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.